Property profile

1161 Holland Dr Boca Raton, FL 33487

OFF-MARKET
Industrial properties
Property ID
US18-1266653
39,531 SF 2.09 ac lot Built 1989
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional industrial property, located at 1161 Holland Drive in Boca Raton, Florida, 33487, offers a flexible and versatile space ideal for a variety of manufacturing, warehouse, or flex-use businesses. The single-tenant building provides a total area ranging from 5,000 to 60,000 square feet, catering to businesses of various sizes. The property boasts both dock-high and grade-level loading capabilities, ensuring efficient and convenient access for loading and unloading operations. A significant advantage is the climate-controlled warehouse environment, providing optimal conditions for sensitive materials or products. Furthermore, the rental rate is all-inclusive, encompassing utilities, building services, and property expenses, simplifying budgeting and operational costs. The space is currently in excellent condition, ready for immediate occupancy. This prime Boca Raton location offers easy access to major transportation routes, enhancing logistical efficiency for any business. The property's versatility, combined with its comprehensive amenities and convenient location, makes it an exceptional opportunity for businesses seeking a high-quality industrial space.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1989
Construction CONCRETE
Total area 39,531 SF
Lot 2.09 ac (90,975 SF)
Zoning code M-3
APN 06-42-47-01-01-002-0080
UPID US18-1266653

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Training Center Tutoring Service
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Law Firm

Location

1161 Holland Dr Boca Raton, FL 33487-2702
Boca Raton metro Census 7012 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$10.49M
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.83M

Owner & transaction history

since 2016
7 recorded transactions
2019
Price N/A
2016
Price N/A
2016
$3.7M
2008
Price N/A
2004
$156,000
1999
$2.1M
1969
Price N/A

Zoning & alternative use

M-3 · Boca Raton, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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